ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

11 E 44TH STREET, SUITE 700, NEW YORK, New York, 10017, (212) 452-9119

Report Date: 12/31/2014

Position Statistics

Total Positions 100
New Positions 6
Increased Positions 24
Decreased Positions 15
Positions with Activity 39
Sold Out Positions 5
Total Mkt Value (in $ millions) 366

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 12.4%
Capital Goods 9.11%
Conglomerates
Consumer Cyclical 0.06%
Consumer/Non-Cyclical 0.32%
Energy 10.8%
Financial 26.15%
Healthcare 15.73%
Services 11.12%
Technology 7.39%
Transportation
Utilities 0.05%

100 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
ASSURED GUARANTY LTD COM -289 Sold Out 0
INDEPENDENT BANK CORP MICH COM NEW -661 Sold Out 0
LIBERTY TRIPADVISOR HLDGS INC COM SER A -234 Sold Out 0
LORAL SPACE & COMMUNICATNS INC COM -6,694 Sold Out 0
STRAIGHT PATH COMMUNICATNS INC CL B -1,089 Sold Out 0
HARTFORD FINL SVCS GROUP INC COM 171 -2,133 (92.59) 4,000
CITIGROUP INC COM NEW 1,026 -12,425 (92.37) 19,000
LIBERTY INTERACTIVE CORP LBT VENT COM A 1,325 -2,530 (65.62) 30,834
PBF ENERGY INC CL A 7,978 -13,410 (62.7) 280,933
PUBLIC STORAGE COM 346 -287 (45.37) 1,806
APOLLO GLOBAL MGMT LLC CL A SHS 331 -221 (40) 15,000
BANK OF THE OZARKS INC COM 4,250 -1,399 (24.77) 105,186
TRIBUNE PUBG CO COM 4,773 -1,320 (21.66) 246,302
CLEAR CHANNEL OUTDOOR HLDGS IN CL A 5,054 -1,180 (18.93) 446,452
SEALED AIR CORP NEW COM 2,990 -247 (7.63) 67,222
ACTIVE POWER INC COM NEW 41 New 16,900
AMBAC FINL GROUP INC WT EXP 043023 393 New 29,200
AMERICAN HOMES 4 RENT CL A 172 New 10,000
AMKOR TECHNOLOGY INC COM 1,121 New 131,711
APACHE CORP COM 708 New 10,000